OPEC’s annual World Oil Outlook 2019 came out this past week and as usual offers some keen insight into the global oil market. Let me make some key points on it.
Oil leads and accounts for 35% of global energy supply, and OPEC supplies 35% of the world’s oil.
We all know about the ongoing importance for oil in transportation, about as irreplaceable a fuel as we have.
Road transport accounts for about 45% of the world’s oil demand and lacks a significant substitute.
Touchstone Exploration Inc (LON:TXP) is a Canadian-based, international upstream oil and gas company currently active in the Republic of Trinidad and Tobago.